Moody cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.

An overview of the general cost of living index for Moody, AL is displayed above for your reference. Residents in Moody, AL enjoy a cost of living index of 90. This index is 1% higher than the Alabama average, and 10% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Moody, AL, the average cost of goods and services is 5% lower than it is in Alabama, and it is 8% lower than the national average.

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How would you rate the cost of living in Moody?Excellent. Goods, services and housing are all very affordable.Good. Most goods and services are affordable.Poor. Everything is more expensive than I'd like.Awful. You'll have to take out a loan to live here.View resultsWrite a review to give others more information about this area.Is the cost of living increasing or decreasing in Moody?Decreasing rapidly. Costs are dropping at a rapid rate.Decreasing steadily. Costs of goods and services are declining.Increasing steadily. Prices are increasing, but at a reasonable rate.Increasing rapidly. I can barely keep up with the increasing prices.View resultsWrite a review to give others more information about this area.

Compare Moody, AL Cost of living To Other Cities

Salary Calculator

I currently make 50,000This is how much you would need to earn in Price difference in compared to

Cost of living index

Goods & Services index

Groceries index

Health care index

Housing index

Transportation index

Utilities index

The salary calculator is meant to help you compare your salary in Moody, AL to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Moody, AL, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Moody, AL salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median Income

Per Year

Per Month

Max Budget (28% DTI)

Max Budget (36% DTI)

Owners

$66,842

$5,570

$1,560

$2,005

Renters

$0

$0

$0

$0

The affordability of the housing market in Moody, AL as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Moody, AL homeowners, the median income is $66,842. This indicates that a monthly maximum of $1,560 should be spent by homeowners on all housing related costs. Renters have a median income of $0. This indicates that renters should have a maximum of $0 used for their rent related monthly costs.

Alabama Sales Tax

State

General Sales Tax

With Max Surtax

Alabama

4%

13.5%

Alabama Income Tax

State

Income Tax (Low)

Income Tax (High)

Alabama

2%

5%

When you are determining the total cost of living in Moody, AL you will want to make sure you consider both the Alabama sales tax and the Alabama income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Alabama is 4%, with the highest surtax being 13.5%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Alabama have a range from 2% to 5%.

Goods & Services

Item

Moody

National avg.

Difference

Haircut

$15.33

$16.09

4.7%

Beauty Salon

$34.18

$37.33

8.4%

Toothpaste

$3.52

$2.45

43.7%

Shampoo

$0.84

$1.00

16.0%

Movie

$10.49

$10.28

2.1%

Bowling

$5.28

$4.93

7.1%

Groceries

Item

Moody

National avg.

Difference

Ground Beef

$4.01

$3.80

5.4%

Fried Chicken

$1.26

$1.40

9.6%

Milk

$2.26

$2.01

12.4%

Potatoes

$5.16

$3.01

71.4%

Pizza

$8.49

$9.89

14.1%

Beer

$8.14

$8.90

8.6%

Health Care

Item

Moody

National avg.

Difference

Optometrist

$116.33

$102.16

13.9%

Doctor

$86.11

$108.36

20.5%

Dentist

$71.22

$92.53

23.0%

Ibuprofen

$5.96

$9.28

35.8%

Lipitor

$432.03

$425.82

1.5%

Housing

Item

Moody

National avg.

Difference

Home Price

$150,100.00

$184,700.00

18.7%

Avg. Mortgage Payment

$972.83

$1,202.44

19.1%

Apartment Rent

$831.00

$949.00

12.4%

Transportation

Item

Moody

National avg.

Difference

Gasoline

$2.01

$2.24

10.3%

Tire Balancing

$43.49

$46.29

6.1%

Utilities

Item

Moody

National avg.

Difference

All Electricity

$190.76

$165.96

14.9%

Phone

$24.33

$28.68

15.2%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.